Examlex
All of the following statements are true EXCEPT:
Liquidator
An external administrator appointed to dissolve the company.
Creditors
Individuals or entities that a company owes money to, typically as a result of receiving goods or services.
Dissolution
The process of legally dissolving a company, ending its existence by distributing its assets to creditors and shareholders.
Secured Creditor
A lender that has the right to claim specific assets of the borrower as repayment in case of default.
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